Adeosun: Excess Crude Account balance of $2.3b intact

Minister of Finance, Mrs Kemi Adeosun said that the balance in the Excess Crude Account (ECA) still remains $2.31 billion. She gave the figure against the backdrop of some legal challenges by some states to the plan by the Federal Government to spend $1billion out of the money to battle security challenges. Adeosun spoke today after the Federation More...

by Uchenna Ajah | Published 21 mins ago
By Felix OLOYEDE On Thursday, January 18th, 2018
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Nigerian equities market goes bearish after hitting over nine year high

FELIX OLOYEDE Profit-taking caused the Nigerian Stock market to go bearish for the first time this week after reaching over nine year high on Wednesday. The All Share Index declined -0.08 per cent to close at 44,848.74 More...

By Felix OLOYEDE On Thursday, January 18th, 2018
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Banks enjoy improved liquidity as overnight rate drops three consecutive days

FELIX OLOYEDE The redemption of Treasury Bills by Federal Government has helped to improve liquidity in Nigerian banking sector as overnight rate declined three consecutive times this week. Overnight (O/N) rate More...

By Felix OLOYEDE On Friday, January 12th, 2018
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Nigerian equities market soars to nine year high

FELIX OLOYEDE The Nigerian Stock Exchange The Nigerian Stock market continued its bullish run; reaching three year high on Thursday as investors awaits full-year results with the hope of a better dividend pay-outs More...

By Felix OLOYEDE On Tuesday, December 26th, 2017
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Bank jobs: 1,011 junior staff out, 6,486 contract staff in

ABATAN ADEWALE CBN Governor Emefiele A recruitment shift seems to be taking place in the banking industry as permanent jobs are being swept away and replaced with contract appointments. This is coming in the heels More...

By Felix OLOYEDE On Tuesday, December 26th, 2017
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Anxiety mounts over depleted MPC membership

May not form quorum in January MPC meeting This would hamper investors’ confidence- analysts  FELIX OLOYEDE CBN Governor Godwin Emefiele A fog of uncertainty has beclouded the ability of the Monetary Policy More...

By Felix OLOYEDE On Tuesday, December 26th, 2017
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How Emefiele, Adeosun saved the economy in 2017

  Kemi Adeosun, Finance minister CBN Governor Godwin Emefiele By TESLIM SHITTA-BEY The dance between Nigeria’s monetary and fiscal policy was awkward from the start. Godwin Emefiele, Central Bank of Nigeria More...

By Felix OLOYEDE On Tuesday, December 5th, 2017
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Nigeria’s Debt Service ratio falls to 45%

Kemi Adeosun, Finance Minister Nigeria has made significant improvement in its debt-service-to-revenue ratio as it dropped from 66 per cent to 45 per cent. This is coming on the back of improved revenue mobilisation More...

By Felix OLOYEDE On Tuesday, December 5th, 2017
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Banks’ NPLs reach 10-month high in Q3

FELIX OLOYEDE Godwin Emefiele, CBN Governor Non-Performing Loans (NPLs) in the Nigerian banking industry hit 10-month in September, latest data from the the Nigeria Deposit Insurance Corporation (NDIC) has shown. The More...